Remove Accidents Remove Compensation Remove Foundation Remove Injury
article thumbnail

9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

Between the potential for accidents and injuries on the job site and the risk of lawsuits, it’s important to have insurance to protect yourself from financial losses, but what kind of insurance do you need? Roofing contractors are often at the top of a building, making them more susceptible to accidents. Cyber Insurance.

Insurance 156
article thumbnail

Carpenter’s Insurance: Who Needs It & Why

Levelset

You can practice safety and use common sense on the job, but there’s no way to predict when accidents or injuries might occur. Carpenter’s insurance is a financial instrument that helps protect your business if accidents, injuries, or illnesses occur in a work-related capacity. What is carpenter insurance?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

Plumbing contractor’s insurance may help your business stay afloat if accidents or injuries occur on the job. Whether you are at fault or not in an accident, attorneys’ fees can take a big chunk out of your revenue. Worker injury. Business owners policy: This policy is the foundation of a solid insurance plan.

article thumbnail

Difference Between Tort and Contract | What Is Tort |  What Is Contract | What Is Contract Law | What Is Tort Law

CivilJungle

It will embrace intentional infliction of emotional distress, negligence, money losses, injuries, invasion of privacy, and so on. In torts, the limitation amount can run from the time the injury was done whereas, in contract, the amount runs from the day date the contract was broken. Limitation Amount. Negligence. Strict Liability. #1.

article thumbnail

Does GC Insurance Cover Subcontractors?

Levelset

Accidents happen, especially in construction. Does a general contractor’s insurance cover their subcontractors’ accidents or mistakes? What this means is that financial losses caused by accidents, mistakes, and other issues that are the fault of the general contractor will be covered under the policy. Builder’s risk insurance.

article thumbnail

Insurance for HVAC Contractors: What It Covers and Why You Need It

Levelset

Heating, ventilation, and air conditioning (HVAC) contractors must protect their business property while reducing the odds that a job-related accident or injury could financially harm their business. Business owners policy : This policy includes the foundation of property and liability coverages referred to thus far.